First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is Summit Financial Wealth Advisors LLC’s 5th Largest Position

Summit Financial Wealth Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 892,593 shares of the company’s stock after buying an additional 47,334 shares during the period. First Trust Preferred Securities and Income ETF comprises about 4.2% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 5th largest holding. Summit Financial Wealth Advisors LLC owned about 0.45% of First Trust Preferred Securities and Income ETF worth $17,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 21.5% during the second quarter. Gradient Investments LLC now owns 425,651 shares of the company’s stock worth $8,253,000 after buying an additional 75,405 shares during the period. Whitnell & Co. boosted its position in shares of First Trust Preferred Securities and Income ETF by 40.2% during the second quarter. Whitnell & Co. now owns 17,439 shares of the company’s stock worth $338,000 after buying an additional 5,000 shares during the period. Thoroughbred Financial Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $22,812,000. Beacon Financial Group boosted its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the second quarter. Beacon Financial Group now owns 915,913 shares of the company’s stock worth $17,760,000 after buying an additional 43,658 shares during the period. Finally, Trilogy Capital Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 26.8% during the second quarter. Trilogy Capital Inc. now owns 699,248 shares of the company’s stock worth $13,649,000 after buying an additional 147,906 shares during the period.

Shares of FPE traded up $0.01 during midday trading on Thursday, hitting $19.63. 31,997 shares of the stock were exchanged, compared to its average volume of 1,064,289. First Trust Preferred Securities and Income ETF has a 52-week low of $17.76 and a 52-week high of $19.65. The stock’s fifty day moving average is $19.46.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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